Three Square Market will be the first firm in the U.S. to install microchips in its employees’ hands. The company is anticipating that over 50 employees will be voluntarily chipped out of 85 employees at the company’s head office, according to Tony Danna, vice-president of international development. The program is slated to begin August 1.
The small implants use near-field communication technology, or NFC, the same as in contactless credit cards or mobile payments. When activated by a nearby reader, a small amount of data flows between the two devices via electromagnetic waves. Installing and removing the chip isn’t difficult. The chip is inserted with a needle between the thumb and forefinger. Danna said putting it in is “like getting a shot” using a syringe, and taking it out it like removing a splinter.
The rice-sized devices were approved by the FDA in 2004. The device costs $300 per implant and the company is picking up the fee for the volunteers. CEO Todd Westby said he and his family will be chipped, too. Westby said there is no way for employees to be tracked. He said, “This device is only readable if you’re within six inches of a proximity reader.”
The company see the devices as one day being simply another payment and identification method. Westby also said, “Eventually, this technology will become standardized allowing you to use this as your passport, public transit, all purchasing opportunities, etc.” Three Square Market’s partner, BioHax International in Sweden, has already started using the microchips in about 150 of its employees. The company began implanting workers in January 2015. A company based in Belgium also offers its employees such implants.
These types of microchips are already used as virtual collar plates for pets, and companies use them to track deliveries. However, the technology has never before been used to tag employees on a wide scale. Three Square Market’s Patrick McMullan believes everyone will soon be wanting their own microchip. McMullan said, “The international market place is wide open and we believe that the future trajectory of total market share is going to be driven by whoever captures this arena first.”